Reuters UK
29 Jul 2008
SINGAPORE (Reuters) - Singapore Airlines (SIAL.SI: Quote, Profile, Research), the world's No. 2 airline by market value, sees continued demand from business travellers despite a slowdown in the world economy, but expects margins to be squeezed by sky-high fuel costs.
Singapore Air said on Tuesday it was still looking to expand through acquisitions, but saw hurdles to buying controlling stakes in airlines from emerging market countries.
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